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Tide over financial risk with Governance, Risk and Compliance

Recent developments in the financial services marketplace, and strict monitoring by regulators have compelled financial firms to focus on risk management and compliance. Companies have to meet regulatory demands while focusing on increasing revenue, managing cost and enhancing shareholders' value. With Governance, Risk and Compliance (GRC), companies can adopt a more effective approach to reducing business risk, ensure better compliance, and thereby, gain competitive advantage. In this issue of FINsights, we address various issues of risk management and compliance.

Strategic Themes in Risk and ComplianceBy Ashok Vemuri

The financial services firms are increasingly viewing risk and compliance as two sides of the same coin. This article explores key priorities related to risk and compliance for the banking and capital markets sector.

Plummeting interest rates and lack of government control are responsible for the sub-prime crisis. This article highlights another factor - the current credit risk measurement process in retail mortgage lending. We focus on the issues relating to credit risk measurement and explore ways to address future challenges.

Master Data Management is the main ingredient of the risk measurement process. This article shows how an effective Master Data Program can be used across the firm for risk, compliance and other related functions.

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Navigating Through the Compliance Maze in a Post-merger WorldBy Debashis Pradhan and Naveen Balawat

Mergers are more likely to fail due to poor execution than lack of strategic fit. This paper argues that merged entities are successful when they implement a phased approach to integrating compliance IT systems and support it with a detailed analysis.

Introduction of new and complex products and improved flow of information are creating challenges for employee surveillance. This article outlines an approach that reduces companies' exposure to the 'insider threat'.

Financial institutions must adhere to stringent compliance regulations. Yet most companies lag behind when it comes to compliance. This article discusses the partial compliance trap, shortcomings of current efforts and proposes a solution to address the trap.

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Demystifying Financial Compliance through an Integrated IT FrameworkBy Ravishankar N. and Ramachandran Sundaresan

There are several frameworks to address compliance issues in IT. This article defines an integrated framework that helps organizations achieve regulatory compliance, superior quality standards and business competitiveness.

There is a perception that an integrated Governance, Risk and Compliance (GRC) program is expensive and requires a major IT realignment. This article suggests an Integrated Control Management approach.

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Conversations with Tim Leech: Perspectives from an Industry ExpertQ & A session conducted by Satnam Gill

Companies need to manage risks and compliance across regulations, functions and regions. This article explores how companies can overcome the challenges of Governance, Risk and Compliance (GRC) by adopting an Enterprise SaaS Model.

A Fortune 100 global financial company partnered with Infosys to implement a robust Information Risk Management (IRM) program. The IRM program ensured compliance and reduced the cost and time of undertaking risk assessment by 50 percent.